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BigBand Sets IPO Terms

BigBand Networks Inc., a Redwood City, Calif.-based provider of broadband multimedia service routers, has set its proposed IPO terms to 10.7 million common shares being offered at between $10 and $12 per share. It plans to trade on the Nasdaq under ticker symbol BBND, with Morgan Stanley and Merrill Lynch serving as co-lead underwriters. BigBand has raised $100 million in VC funding since its 1999 inception, from firms like Charles River Ventures, Cedar Fund, Lauder Partners, Meritech Capital Partners, Redpoint Ventures and Time Warner Ventures.